Michigan Business Startup Guides
Open a Business in Ortonville, Michigan
Need help starting a business in Ortonville, Michigan? We've got the information you need to open a business in Ortonville.
Will You Be a Successful Entrepreneur?
Being an entrepreneur is demanding, much harder than working as an employee. Are you positive you are ready to take on this challenge?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Ortonville. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
Ortonville, Michigan Demographic Information
Ortonville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Ortonville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Ortonville.
As a new Ortonville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Ortonville for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
What About Franchising Opportunities?
As you drive around Ortonville, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
We highly recommend you investigate buying a franchise. We have many articles on franchises, such as Protecting Your Franchise Territory. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Personal Training Institute and The Pizza Ranch. Alternatively, you can browse franchise categories, such as Cartridge Recycling Franchises and Handyman Services Franchises.
Note on Ortonville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Ortonville.
Naming the Business
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
On a final note, given that you are starting a business in Ortonville, it's critical that you ensure that no other Michigan company is using the business name you want to use.
Forming a Company in Ortonville, Michigan
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Michigan, you don't necessarily have to incorporate in Michigan. As it turns out, you are allowed to incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Ortonville, Michigan, our information on Incorporating in Michigan may be a useful resource if you decide to incorporate in Michigan.
The Art of Selling
Do you know how to sell? In order to attract customers to your new Ortonville business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.
As an entrepreneur in Ortonville, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Ortonville and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Ortonville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Ortonville, Michigan
Here are more links that we believe will help you be successful in starting a business in Ortonville.
- Resources for Ortonville, Michigan Entrepreneurs - Browse a variety of resources we've collected to assist Ortonville entrepreneurs.
- Michigan Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Michigan.
- Michigan Small Business Development Center - This organization supports 12 regional offices and over 30 satellite offices, each providing counseling and training to Michigan small business owners and entrepreneurs throughout the 83 counties in Michigan. Services to entrepreneurs are offered through a cooperative agreement with the U.S. Small Business Administration.
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